Expedia Group, Inc. Announces Pricing for Tender Offers for Senior Notes

About this update from Expedia Group, Inc.

[{"type":"text","content":" SEATTLE--(BUSINESS WIRE)--\nExpedia Group, Inc. (NASDAQ: EXPE) (the “Company”) today announced the pricing for its previously announced tender offers to purchase for cash up to $500,000,000 aggregate principal amount (the “Aggregate Tender Cap”) of the Company’s 2.950% Senior Notes due 2031 (the “2031 Notes”) and 3.25% Senior Notes due 2030 (the “2030 Notes” and, together with the 2031 Notes, the “Securities”).\n\n\n\nTitle of Security\n\n\n\nCUSIP No./\nISIN No.\n\n\n\nPrincipal Amount\nOutstanding\n\n\n\nAcceptance Priority\nLevel(1)\n\n\n\nAggregate Principal\nAmount Tendered\n\n\n\nAggregate Principal\nAmount Expected to\nBe Accepted\n\n\n\nEarly Tender\nPayment(2)(3)\n\n\n\nU.S. Treasury\nReference Security\n\n\n\nReference Yield(4)\n\n\n\nBloomberg Reference\nPage\n\n\n\nFixed Spread\n\n\n\nTotal Consideration(5)\n\n\n\n\n\n2.950% Senior Notes\ndue 2031\n\n\n\n30212P BH7 / US30212PBH73;\n30212P BF1 / US30212PBF18;\nU3010D AM2 / USU3010DAM21\n\n\n\n$1,000,000,000\n\n\n\n1\n\n\n\n$685,101,000\n\n\n\n$500,000,000\n\n\n\n$50\n\n\n\n2.75% UST due 8/15/2032\n\n\n\n3.283%\n\n\n\nFIT1\n\n\n\n210 bps\n\n\n\n$835.70\n\n\n\n\n\n3.25% Senior Notes\ndue 2030\n\n\n\n30212P AR6 / US30212PAR64;\n30212P AQ8 / US30212PAQ81;\nU3010D AG5 / USU3010DAG52\n\n\n\n$1,250,000,000\n\n\n\n2\n\n\n\nN/A(6)\n\n\n\n$0\n\n\n\n$50\n\n\n\n2.75% UST due 8/15/2032\n\n\n\nN/A(6)\n\n\n\nFIT1\n\n\n\n205 bps\n\n\n\nN/A(6)\n\n\n\n\nThe tender offers are being made pursuant to an offer to purchase, dated August 26, 2022 (as it may be amended or supplemented from time to time, the “Offer to Purchase”), which sets forth the terms and conditions of the tender offers. Although the tender offers are scheduled to expire at 11:59 p.m., New York City time, on September 23, 2022, because the aggregate principal amount of Securities validly tendered and not validly withdrawn prior to or at the Early Tender Date exceeded the Aggregate Tender Cap, there will be no Final Settlement Date (as defined in the Offer to Purchase), and no Securities tendered after the Early Tender Date will be accepted for purchase. Further, because the Company intends to accept for purchase an aggregate principal amount of 2031 Notes in excess of the Aggregate Tender Cap, no 2030 Notes will be accepted for purchase. Securities tendered and not purchased on the Early Settlement Date will be returned ...

More updates from Expedia Group, Inc.